The Auditor Performs Substantive Procedures Related to Property,plant,and Equipment to Determine

question 15

Multiple Choice

The auditor performs substantive procedures related to property,plant,and equipment to determine if the assets have been pledged as collateral or title has transferred.What is the primary assertion the auditor is testing?

• A)Valuation.
• B)Rights.
• C)Completeness.
• D)Existence.

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Definitions:

Average Total Assets

The mean value of all assets owned by a company over a specific time period, used in financial analysis to measure efficiency and productivity.